Government looks to sell viable infrastructure projects to private companies


Government looks to sell viable infrastructure projects to private companies

The government is looking to sell successfully running public sector infrastructure projects such as power and steel plants to private companies in a bid to boost green-field investment and create fresh capacity.

A proposal is being worked out to monetise commercially viable assets operated and held by state-owned companies such as NTPC and Steel Authority of India Ltd.

Two senior government officials confirmed the plan and said the Department of Investment and Public Asset Management and NITI Aayog, the government’s think-tank, are expected to identify such projects, assess their valuation and decide on a mechanism to sell them.

“We will ask companies like NTPC, SAIL and BHEL, among others, to identify projects that can be put up for sale,” said one of the officials. Apart from outright sale, assets can be leased out for 20 years or more, the official said. Read More

Leave a Reply

Your email address will not be published.